Price for Watch Movements; Complete and Assembled in Uruguay - 2022

Price for Watch Movements; Complete and Assembled in Uruguay (CIF) - 2022

The average import price for watch movements; complete and assembleds stood at $0.8 per unit in 2022, declining by -75.4% against the previous year. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in 2019 when the average import price increased by 61%. As a result, import price attained the peak level of $7.7 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($113 per unit), while the price for Panama ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+31.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watch Movements; Complete and Assembled in Uruguay (FOB) - 2022

Uruguay has no trade partners to describe.

Imports of Watch Movements; Complete and Assembled in Uruguay

For the fourth consecutive year, Uruguay recorded growth in overseas purchases of watch movements; complete and assembleds, which increased by 401% to 14K units in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled imports skyrocketed to $11K in 2022. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the maximum at $18K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Watch Movements; Complete and Assembled in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.6	1.9	1.9	7.6	133.1%
Panama	N/A	N/A	N/A	1.1	0%
United States	10.1	1.9	1.6	0.5	-63.3%
Others	7.5	3.0	5.6	2.1	-34.6%
Total	18.2	6.8	9.1	11.3	-14.7%

Top Suppliers of Watch Movements; Complete and Assembled to Uruguay in 2022:

United States (undefinedK units)
China (12.0K units)
Panama (2.0K units)

Exports of Watch Movements; Complete and Assembled in Uruguay

Watch movements; complete and assembled exports from Uruguay was estimated at 4 units in 2022, standing approx. at the previous year's figure. Over the period under review, exports faced a abrupt downturn. The smallest decline of 99.9% was in 2021. The exports peaked at 5 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, watch movements; complete and assembled exports totaled $576 in 2022. In general, exports saw tangible growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.